Brazilian cement company
The majority of the new funds will go to the construction of new factories in Brazil, with a view to the long term cement market which is expected to recover from the current reduction in consumption.
The new investment plan also covers further expansion of operations abroad, with a new factory planned in Bolivia and two in Turkey, with external operations to add a further 2.5 million tonnes to the company’s capacity.
The plan, recently approved by the board, focuses on the north-east region, which is set to have three new factories, one in Paraiba and two in Ceara, in order to capture the potential growth in the market.
All three factories are expected to begin production by the second half of 2017.
The previous investment plan saw the inauguration of three new factories in the south, south-east and central west of the country, with two more in final phases of construction.
The five factories increased the companies cement capacity by 18% to 38 million tonnes per year.
